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Advanced Learner Loans

The new loan that takes you further!

If finances have been holding you back from starting a course, you can now apply for a loan to help with the cost of course fees! You must be enrolling onto an eligible course at Level 3 or above.

Your household income isn’t taken into account and there’s no credit check. You will not have to pay anything back until you have finished your course and are earning over £21,000 a year.  

Advanced Learner Loan Event

How much can you get?

The amount you will get depends on:
  • the type of course you take
  • how much the fees are for the course
  • the minimum loan you can get is £300.

Which courses are eligible?

Courses at Level 3 or above qualify (such as a Certificate/Diploma or an Advanced or Higher Apprenticeship). View the  full list of courses here.

Eligibility

To get a loan you must be:

  • 19 or older on the first day you start your course and the start day of your course must be on or after the 1st August 2017 (there’s no upper age limit)
  • living in the UK on the first day of your course, and have lived in the UK, the Channel islands or the Isle of Man for 3 years immediately before the start date of the course
  • Studying at this College or a training organisation in England approved for public funding.
If you are aged 19 – 23 and do not already have a full Level 3 qualification, you will be entitled to receive free tuition and won’t need to apply for an Advanced Learner Loan.

If you are aged 19 – 23 and already have a full Level 3 qualification, you can apply for an Advanced Learner Loan.

How many loans can I apply for?

You can apply for more than one Advanced Learning Loan (up to 4 in total), You can also receive a loan for courses of the same level and type (e.g. Level 3 Diploma in Hair and Level 3 Diploma in Barbering). You’ll be able to take out further loans to complete different types or levels of eligible courses.

How to apply?

You will be able to request the course code from our student finance team from April for courses starting from 1st September 2017. 

What you need to know

You will need a National Insurance number before any money can be paid and should have this available to enter on your loan application form. You need your passport details or another form of identity to apply – e.g. your birth certificate. 

Paying back your loan

You pay back your loan (plus interest) when you have finished your course and start earning more than £21,000 a year. If your income drops below this amount your repayment will stop. Each month you pay back 9% of any income over £21,000.

Leaving or changing your course

If you leave or change your course after 2 weeks you will have to pay back any money that has been paid to the College.

Access to Higher Education (HE)

If you get a loan to cover tuition fees for an Access to HE course (e.g. a course that will prepare you for Higher Education) and then successfully complete a higher education course, you will not have to repay the remaining loan for the Access course.

Further Information

For more details about Advanced Learning Loans contact the Student Support or Advice and Guidance Teams on 01922 657000.

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